Gentex (GNTX) Set to Announce Quarterly Earnings on Friday

Gentex (NASDAQ:GNTX) is scheduled to announce its earnings results before the market opens on Friday, April 26th. Analysts expect the company to announce earnings of $0.47 per share for the quarter. Gentex has set its FY 2025 guidance at EPS and its FY 2024 guidance at EPS.Investors interested in listening to the company’s conference call can do so using this link.

Gentex (NASDAQ:GNTX) last announced its quarterly earnings results on Friday, January 26th. The auto parts company reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.06. Gentex had a return on equity of 19.25% and a net margin of 18.63%. The business had revenue of $589.13 million during the quarter, compared to analysts’ expectations of $563.42 million. During the same quarter last year, the business posted $0.37 earnings per share. The business’s revenue for the quarter was up 19.3% on a year-over-year basis. On average, analysts expect Gentex to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Gentex Stock Up 1.4 %

Shares of GNTX stock opened at $35.16 on Thursday. Gentex has a fifty-two week low of $25.85 and a fifty-two week high of $37.58. The stock has a market cap of $8.13 billion, a P/E ratio of 19.11, a P/E/G ratio of 0.72 and a beta of 0.99. The business has a fifty day simple moving average of $35.69 and a 200-day simple moving average of $33.05.

Gentex Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 17th. Investors of record on Friday, April 5th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date was Thursday, April 4th. Gentex’s dividend payout ratio is presently 26.09%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on GNTX shares. The Goldman Sachs Group lifted their price objective on Gentex from $31.00 to $35.00 and gave the stock a “neutral” rating in a research report on Monday, January 29th. JPMorgan Chase & Co. lifted their price objective on Gentex from $36.00 to $37.00 and gave the stock a “neutral” rating in a research report on Thursday, January 25th. Guggenheim lifted their price objective on Gentex from $40.00 to $41.00 and gave the stock a “buy” rating in a research report on Wednesday, April 17th. StockNews.com upgraded Gentex from a “hold” rating to a “buy” rating in a research report on Friday, February 23rd. Finally, B. Riley lifted their price objective on Gentex from $42.00 to $44.00 and gave the stock a “buy” rating in a research report on Wednesday, March 20th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $37.83.

Insiders Place Their Bets

In other Gentex news, CFO Kevin C. Nash sold 13,500 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $33.04, for a total value of $446,040.00. Following the sale, the chief financial officer now directly owns 44,321 shares of the company’s stock, valued at approximately $1,464,365.84. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, Director Richard O. Schaum sold 6,022 shares of Gentex stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $33.93, for a total value of $204,326.46. Following the transaction, the director now directly owns 62,555 shares of the company’s stock, valued at approximately $2,122,491.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Kevin C. Nash sold 13,500 shares of Gentex stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $33.04, for a total value of $446,040.00. Following the completion of the transaction, the chief financial officer now directly owns 44,321 shares in the company, valued at $1,464,365.84. The disclosure for this sale can be found here. 0.41% of the stock is owned by corporate insiders.

Gentex Company Profile

Gentex Corporation designs, develops, manufactures, markets, and supplies digital vision, connected car, dimmable glass, and fire protection products in the United States, Germany, Japan, Mexico, Republic of Korea, and internationally. It operates through Automotive Products and Other segments. The company offers automotive products, including interior and exterior electrochromic automatic-dimming rearview mirrors, automotive electronics, and non-automatic-dimming rearview mirrors for automotive passenger cars, light trucks, pick-up trucks, sport utility vehicles, and vans for original equipment manufacturers, automotive suppliers, and various aftermarket and accessory customers.